CAN YOU INCLUDE FINANCE CHARGES ON MONIES OWED IN A MECHANICS LIEN
1 reply
Aug 22, 2019
Yes, a mechanic’s lien filed in New York can include a “finance charge.” Section 3 of the Lien Law specifically authorizes a lien for the “principal and interest”. Just be careful that your lien does not include more interest (or finance charges) than your contract allowed you to charge.